10-Q Filing

PC CONNECTION INC CIK: 1050377 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001558370-18-006214`
Period End Date	20180630
Filing Date	20180802
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	pccc-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 52 Cash Flow Statement 53

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$49.99M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.13M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$49.18M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$68.68M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$449.68M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$463.99M	USD	Point-in-time
Inventories, net	`InventoryNet`	$106.75M	USD	Point-in-time
Inventories, net	`InventoryNet`	$107.45M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.74M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.28M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$933.00K	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$3.93M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$616.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$647.34M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$41.49M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$46.01M	USD	Point-in-time
Goodwill	`Goodwill`	$73.60M	USD	Point-in-time
Goodwill	`Goodwill`	$73.60M	USD	Point-in-time
Intangibles assets, net	`IntangibleAssetsNetExcludingGoodwill`	$11.03M	USD	Point-in-time
Intangibles assets, net	`IntangibleAssetsNetExcludingGoodwill`	$10.28M	USD	Point-in-time
Long-term accounts receivable	`AccountsReceivableNetNoncurrent`	$1.89M	USD	Point-in-time
Long-term accounts receivable	`AccountsReceivableNetNoncurrent`	$1.89M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.83M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.64M	USD	Point-in-time
Total Assets	`Assets`	$780.95M	USD	Point-in-time
Total Assets	`Assets`	$747.85M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$200.94M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$194.26M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$31.10M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$28.91M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$23.46M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$22.66M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$253.31M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$248.01M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$16.12M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$15.70M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.85M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.89M	USD	Point-in-time
Total Liabilities	`Liabilities`	$265.60M	USD	Point-in-time
Total Liabilities	`Liabilities`	$271.29M	USD	Point-in-time
Common stock	`CommonStockValue`	$287.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$287.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$115.22M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$114.15M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$414.40M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$383.67M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockCommonValue`	$20.25M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockCommonValue`	$15.86M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$482.25M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$509.66M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$747.85M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$780.95M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$1.33B	USD	2 Qtrs
Net sales	`Revenues`	$749.79M	USD	1 Quarter
Net sales	`Revenues`	$1.42B	USD	2 Qtrs
Net sales	`Revenues`	$706.57M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$650.12M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$1.13B	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$599.10M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$1.23B	USD	2 Qtrs
Gross profit	`GrossProfit`	$203.84M	USD	2 Qtrs
Gross profit	`GrossProfit`	$107.47M	USD	1 Quarter
Gross profit	`GrossProfit`	$99.67M	USD	1 Quarter
Gross profit	`GrossProfit`	$186.40M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$163.42M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$77.23M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$152.51M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$82.52M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$40.42M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$24.95M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$22.44M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$33.89M	USD	2 Qtrs
Interest income, net	`InterestIncomeExpenseNet`	$298.00K	USD	2 Qtrs
Interest income, net	`InterestIncomeExpenseNet`	$182.00K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$28.00K	USD	2 Qtrs
Interest income, net	`InterestIncomeExpenseNet`	$9.00K	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$33.92M	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$40.72M	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$22.45M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$25.13M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$11.19M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$12.90M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$8.86M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$6.90M	USD	1 Quarter
Net income	`NetIncomeLoss`	$21.02M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$13.59M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.23M	USD	1 Quarter
Net income	`NetIncomeLoss`	$29.53M	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.79	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.68	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.51	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.10	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.78	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.51	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.68	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.10	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.73M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.76M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.76M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.68M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.88M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.82M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.89M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.87M	shares	2 Qtrs

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$21.02M	USD	2 Qtrs
Net income	`ProfitLoss`	$29.53M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$3.43M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$6.73M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$5.71M	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$613.00K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$694.00K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$385.00K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$465.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$164.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$429.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$15.17M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.45M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$27.69M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$11.56M	USD	2 Qtrs
Prepaid expenses, income tax receivables and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.33M	USD	2 Qtrs
Prepaid expenses, income tax receivables and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.55M	USD	2 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$2.00M	USD	2 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$4.08M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$8.93M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$6.16M	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$7.30M	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$2.91M	USD	2 Qtrs
Net cash provided by (used for) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$41.52M	USD	2 Qtrs
Net cash provided by (used for) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-9.76M	USD	2 Qtrs
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.93M	USD	2 Qtrs
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.53M	USD	2 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.53M	USD	2 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.93M	USD	2 Qtrs
Proceeds from short-term borrowings	`ProceedsFromLinesOfCredit`	$859.00K	USD	2 Qtrs
Repayment of short-term borrowings	`RepaymentsOfLinesOfCredit`	$859.00K	USD	2 Qtrs
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$4.38M	USD	2 Qtrs
Dividend payment	`PaymentsOfDividends`	$9.12M	USD	2 Qtrs
Dividend payment	`PaymentsOfDividends`	$9.04M	USD	2 Qtrs
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.68M	USD	2 Qtrs
Issuance of stock under Employee Stock Purchase Plan	`ProceedsFromStockPlans`	$605.00K	USD	2 Qtrs
Issuance of stock under Employee Stock Purchase Plan	`ProceedsFromStockPlans`	$603.00K	USD	2 Qtrs
Net cash (used for) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-6.76M	USD	2 Qtrs
Net cash (used for) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-12.90M	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$18.69M	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-21.05M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$49.99M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$28.13M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$49.18M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$68.68M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$49.99M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$28.13M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$49.18M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$68.68M	USD	Point-in-time
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$1.28M	USD	2 Qtrs
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$662.00K	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$8.31M	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$15.71M	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.